Austria is in second place with an expensive 4925 euros per square meter. In contrast to other metropolises, Vienna is (still) relatively cheap, according to research by consultancy firm Deloitte.
Many Austrians cannot afford their own four walls. The main reason is real estate prices, which have continued to rise over the past year. According to Deloitte’s research, you have to pay an average of 4,925 euros per square meter to buy a privately financed new apartment here – this is the second highest value of the 27 countries analyzed.
Only Israel is even more expensive with an average of 5701 euros per square meter. Neighboring Germany is in third place, just behind us, with 4800 euros. The cheapest is real estate in Bosnia and Herzegovina with only 1237 euros per square meter.
Leader Tel Aviv
On the other hand, Vienna is relatively affordable compared to other major cities. A new apartment in the federal capital costs 6,284 euros per square meter. In the most expensive city Tel Aviv, no less than 14,740 euros are due for this, followed closely by Paris with 14,622 euros and Munich with still 11,400 euros per square meter.
In terms of rents, Vienna (excluding non-profit properties) is even behind Linz (EUR 10.80 per square metre) and Graz (EUR 11.20 per square metre) with an average of EUR 9.10 per square metre.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
